Global plastic caps and closures demand is projected to advance 4.1% per year to nearly 1.9 trillion units in 2021. Gains will be driven by bottled water, which has become the largest application for plastic closures and offers the greatest growth opportunities through 2021. These and other trends are presented in Global Plastic Caps & Closures Market, a new study from The Freedonia Group.

Threaded plastic caps and closures accounted for the largest share of plastic caps and closures demand in 2016 and will continue to do so going forward, totaling 67% of the market in 2021. Advances for threaded plastic caps and closures will be affected to some extent by competition from value added closure types such as dispensing and child-resistant varieties.

The Asia/Pacific region will see the fastest demand growth of any global region through 2021. Increased food, beverage, and pharmaceutical production will drive above average growth for every product type.

The Environmental Protection Agency (EPA) has proposed a fees rule under the amended Toxic Substances Control Act (TSCA), the Frank Lautenberg Chemical Safety for the 21st Century Act.
“EPA has moved swiftly to implement the amended TS…